Global News | U.S. stock three major indices close higher, Nasdaq's gain expands to 1%

【U.S. Stock Indices】

On February 24 (Tuesday) Eastern Time, the three major U.S. stock indices all closed higher, with the S&P 500 up 0.77% at 6,890.07; the Dow Jones up 0.76% at 49,174.50; and the Nasdaq up 1.04% at 22,863.68.

【U.S. Treasury Bonds】

On February 24, the benchmark 10-year U.S. Treasury yield was 4.04%, and the 2-year Treasury yield, most sensitive to Federal Reserve policy rates, was 3.43%.

【Popular U.S. Stocks】

Among popular stocks, Nvidia rose 0.68%, Apple increased 2.24%, Google Class C fell 0.25%, Google Class A declined 0.19%, Microsoft gained 1.18%, Amazon rose 1.60%, TSMC increased 4.27%, Meta up 0.32%, Tesla up 2.39%, Everlight Semiconductor surged 8.77%, and Intel increased 5.71%.

【Global Indices】

【Chinese Indices】

On February 24, overnight Hang Seng Tech Index futures fell 2.18%, Nasdaq China Golden Dragon Index rose 1.37%, and FTSE China A50 Index increased 0.14%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) fell 3.35%, Alibaba rose 0.24%, Pinduoduo increased 1.06%, NetEase up 0.73%, Baidu declined 0.23%, Ctrip gained 1.59%, Li Auto rose 1.30%, Xpeng Motors increased 6.75%, and NIO rose 0.19%.

【Forex and Commodities】

【Global News】

Democrats Say U.S. Department of Homeland Security Shutdown Talks Stall

On February 24, local time, Democratic leaders stated that negotiations with the White House to restore DHS operations have reached a deadlock. Funding for the department expired on January 30. Senate Democratic Leader Schumer said that after Democrats proposed a plan to end the shutdown last week, “all I heard was silence,” and accused the White House of “no concessions” on key issues, including requiring federal immigration enforcement officers to remove masks during enforcement and obtaining search warrants before entering residences. (CCTV News)

Fed’s Collins: Likely to Maintain Current Rates for Some Time

Boston Fed President Susan Collins said recent employment data is encouraging. The job market softened last year but is not weak; although fragile, its stability may have improved. She is seeking more evidence to confirm that the process of cooling inflation has restarted. The baseline view is that inflation should fall later this year. She also indicated that it’s very likely to keep current rates for some time, with the Fed’s policy stance remaining somewhat tight, possibly approaching neutral, and monetary policy currently in a favorable position to address risks.

Nasdaq Composite Rises 1%

The Nasdaq Composite index extended its gains, now up 1.0%, at 22,854.79 points.

Meta Aims to Enter Stablecoin Sector Later This Year

Meta aims to enter the stablecoin sector later this year.

Fed Official Cook: Neutral Rate May Be Higher Than Pre-Pandemic Levels Due to Investment

Fed official Cook stated that due to investment, the neutral interest rate may be higher than pre-pandemic levels.

Microsoft: Combining Near-Earth Satellite Connectivity with Community-Based Deployment and Local Ecosystem Partnerships

Microsoft is integrating near-Earth satellite connectivity with community deployment models and local ecosystem partnerships.

Intel Turns to Collaboration with AI Chip Startup SambaNova After Deal Collapse

After a failed acquisition attempt, Intel has invested $350 million in SambaNova and formed a deep partnership. Previously, there were reports that Intel considered acquiring the company for $1.6 billion, but negotiations fell through.

Google Expands Texas Operations with New Data Center

Google will expand its operations in Texas through a new data center.

Everbright Futures: Safe-Haven Sentiment Boosts Precious Metals, Silver Returns to Strength?

On the first trading day of the Year of the Dragon, Shanghai silver led gains, soaring 11% intraday, making it the top performer among precious metals. During the Spring Festival holiday, complex geopolitical situations overseas and changes in U.S. tariffs increased safe-haven demand, boosting precious metals. Silver is still expected to become the most volatile star in the commodities market in 2026, but further upward movement depends on confirmation of a bullish trend in gold.

Geopolitical tensions between the U.S. and Iran are escalating. With the U.S. deploying heavy troops and two aircraft carriers to the Middle East, Iran nuclear negotiations are clouded, and the risk of conflict has tightened. The current window for potential conflict is opening, with a third round of indirect talks scheduled for February 26, focusing on Iran’s uranium enrichment restrictions. Additionally, U.S. tariffs are re-emerging, supporting safe-haven flows. The Supreme Court ruled that Trump’s tariffs under the IEEPA were unlawful, requiring them to be stopped and refunded, but this does not affect the President’s authority to impose tariffs under other laws. Subsequently, the U.S. announced a 10% global import tariff, which was raised to 15% on the 23rd. Reports indicate the U.S. is considering imposing new tariffs on about six industries, including large batteries and energy storage, citing “national security” concerns.

During the Spring Festival, precious metals again showed sensitivity to macro events, with short-term volatility in silver increasing. Attention is on geopolitical developments and overseas tariff adjustments affecting prices. (Everbright Futures)

Meta and AMD Reach Multi-Billion Dollar AI Chip Procurement Agreement

Reports indicate that Meta has reached a multi-billion dollar AI chip procurement deal with AMD. (Cailian Press)